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Metso soars on Q3 beat amid favourable mining market conditions

** Shares in Metso METSO.HE rise 8% after the Finnish mining equipment maker posted Q3 results above estimates, helped by strong demand for copper and gold projects

** It posts orders in the quarter rising 6% to 1.26 billion euros ($1.47 billion), sales of 1.33 billion euros and adjusted EBITA at 222 million euros

** "Versus VA consensus, these figures are +6%/+8%/11% respectively", RBC says calling the results "a solid beat across the board"

** Metso cites favourable metal prices and ongoing development of copper and gold related projects, expecting further opportunities in these areas

** "With its exposure to the mining capex upcycle and its better-than-appreciated quality, we continue to view Metso as well positioned on a multi-year basis", RBC says

** Metso shares set for best day since February 2024, up 47% YTD

($1 = 0.8575 euros)

 (Reporting by Boleslaw Lasocki)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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